BP accelerates overhaul
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BP reports dip in net profit in Q3 2025
The company noted that higher crude and gas production helped offset weak oil trading results during the quarter.
British energy giant BP on Tuesday reported a sharp rise in net profit for the third quarter as higher oil output and cost-cutting helped offset a drop in crude prices.
BP expects a rise in upstream production and higher refining margins in its products segment to boost earnings, but warned of a weak contribution from its oil trading division. The company is in the midst of a strategic reset and review of its portfolio as ...
BP generated a net profit of $1.509 billion in the third quarter, far higher than the $370 million reported a year earlier, while revenues edged up to $48.42 billion from $47.25 billion.